197-199 12th Ave - Apartments FOR SALE


Paterson, NJ 07501- Eastside
$3,695,000 USD
973-583-3030
197-199 12th Ave, Paterson, NJ for Sale
$3,695,000 USD
Apartments - FOR SALE
1/26
null | 6.5% Cap Rate

197-199 12th Ave
Paterson, NJ 07501
Eastside


HIGHLIGHTS

  • 30-Year Tax Abatement
  • New Construction
  • Secured Parking
  • All Utilities Separated (Gas, Electric, Water, Sewer)

OVERVIEW

New Construction! Fully Occupied! All Utilities Separated...including gas, electric, & water! AND A RARE...a 30-Year Tax Abatement!!! Newly constructed Dec 2024, this 10-unit multifamily consists of (4) 2B/1B units + (6) 1B/1B units, complemented with (15) parking spaces. This property is being offered fully occupied , at a strong 6.25% cap rate. All units are finished in a modern aesthetic, with stainless steel appliances, and washer & dryers in every unit. Contact for a fully video walkthrough tough, of the exterior, garage, interior common areas, & units. This is a great income producing, turn key property, with minimal maintenance. Full video tour of each unit available upon request & registration.

FOR SALE DETAILS

PRICE

$3,695,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

10

PRICE/UNIT

$369,500

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction | Fully Occupied | 10-Units!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,702 SF

ZONING

-

APN/PARCEL ID

08-03502-0000-00026

ASK ABOUT THIS PROPERTY

Gershon AdjayeKW New York CityMore Info
973-583-3030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Gershon AdjayeKW New York CityMore Info
973-583-3030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.